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of <h1>Central Govt Extends Pune Organization's Eligibility for Integrated Rural Development Project u/s 35AC of Income-tax Act.</h1> The Central Government has extended the eligibility of the 'Integrated Rural Development Project' by an organization in Pune under Section 35AC of the Income-tax Act, 1961. Initially notified in 1992, the project has received multiple extensions, with the latest for two years starting from the financial year 2008-09. Over time, the project's estimated cost increased from Rs. 118 lakh to Rs. 704.14 lakh. The National Committee for the Promotion of Social and Economic Welfare recommended this extension to allow the spending of previously collected funds, though no further donations can be raised under this section.
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